Cabot Oil Company (COG) likely to show early reversal towards upswing
By Mark Moneymaster
October 27, 2009 6:57 AM
October 27, 2009 6:57 AM
Symbols: COG
Cabot Oil Company (NYSE: COG) delivered impressive Q3 results with operating earnings of $0.38 per share, which were higher than J.P. Morgan’s expectations of $0.36 per share.
The Cabot Oil Company (COG) stock has been trending negatively over the past four sessions. However, the COG stock may show a trend reversal with a gap-up opening on Tuesday, since J.P. Morgan has upgraded the stock to overweight on the back of impressive results.
Cabot Oil Company’s (COG) above average output in some regions were mainly responsible for the better results.
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